Susquehanna International Group LLP Purchases New Holdings in Honeywell Aerospace $HONA

Key Points

• Susquehanna International Group purchased 253,524 Honeywell Aerospace shares worth approximately $56.0 million in the second quarter, representing about 0.08% of the company.
• Several major institutions, including BlackRock, Wellington Management, Bank of America, Bank of New York Mellon and UBS, also established new positions in Honeywell Aerospace during the quarter.
• HONA shares opened at $162.37, while analysts maintain a consensus “Hold” rating and a $224.17 price target. The company reported $4.35 billion in quarterly revenue, and analysts forecast $7.75 in full-year EPS.

Susquehanna International Group LLP purchased a new stake in Honeywell Aerospace (NASDAQ:HONA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 253,524 shares of the company's stock, valued at approximately $56,049,000. Susquehanna International Group LLP owned approximately 0.08% of Honeywell Aerospace as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $5,253,341,000. Wellington Management Group LLP acquired a new position in Honeywell Aerospace during the second quarter worth $1,705,882,000. Bank of America Corp DE acquired a new position in Honeywell Aerospace during the second quarter worth $1,034,187,000. Bank of New York Mellon Corp bought a new stake in Honeywell Aerospace during the second quarter worth $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Honeywell Aerospace in the second quarter valued at $377,905,000.

Honeywell Aerospace Price Performance

Shares of HONA stock opened at $162.37 on Monday. Honeywell Aerospace has a 12-month low of $150.03 and a 12-month high of $297.50. The firm has a market capitalization of $51.46 billion and a P/E ratio of 86.83. The stock's 50 day moving average is $195.14.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion during the quarter. Research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Honeywell Aerospace to a "hold" rating in a research report on Sunday, July 12th. BNP Paribas Exane cut their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. Royal Bank Of Canada reduced their price target on Honeywell Aerospace from $300.00 to $250.00 and set an "outperform" rating for the company in a report on Thursday, August 6th. Zacks Research raised Honeywell Aerospace to a "hold" rating in a research report on Wednesday, July 1st. Finally, Evercore set a $210.00 price objective on Honeywell Aerospace in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $224.17.

Honeywell Aerospace Company Profile

Honeywell Aerospace Inc manufactures and supplies aircraft components, avionics, engines, and systems for airframe manufacturing, commercial airline, military and defense, business aviation, and space markets, as well as other markets in the aerospace industry. The company offers actuation products, air and thermal management products, auxiliary power units, cabin management and entertainment products, cockpit systems and displays, electric power products, engines, health and usage monitoring products, lighting products, microelectronics, navigation products and radios, recorders and transmitters, satellite communications, sensors, space products, terrain and traffic awareness, vehicle turbochargers, weather radars, and wheels and braking systems.

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